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March 10, 2023, 7:30 AM
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| Financial Times: |
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities; SIVB drops 60%+ pre-market — Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities
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Wall Street Journal, SVB Financial Group, Reuters, The Information, TechCrunch, Pirate Wires, Reuters, Coinspeaker, Financial Times, TechCrunch, Financial Times, Coinspeaker, Reuters, Newcomer, Silicon Valley Business …, Fortune, The Great Reset Diary 2022, Quartz, Forbes, The Register, Washington Post, GeekWire, and BBC
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@howard, @billackman, @sullycnbc, @thebenbergman, @deitaone, @danprimack, @nmasc_, @grdecter, @msuster, @pitdesi, @parikpatelcfa, @pkedrosky, @econderek, @leoringer, @jmackin2, @jimcramer, @frognews, @thestalwart, @mayhem4markets, @scottmelker, @tier10k, @thetranscript_, @alexlmiller, @johnhenrystyle, @jamiequint, @utekkare, @tabby_kinder, @danprimack, @_aj, @scaramucci, @itstarh, @benparr, @carnage4life, @gunjanjs, @bznotes, @mikeippolito_, @mikeisaac, @stevematthews12, @anildash, @howardlindzon, @blader, @danprimack, @kevinakwok, @arjunsethi, @alexandrascaggs, @mbtcpiz, @willmanidis, @gaberivera, @sullycnbc, @dylanleclair_, @paddycosgrave, @danprimack, @chiajy2000, @darian314, @stuartblitz, @dnak, @scottmelker, @mdudas, @jspujji, @evancharles, @unusual_whales, @zebulgar, @gaberivera, @parikpatelcfa, @davemcclure, @sweatystartup, @jessicalessin, @semil, @onlycfo, @fraser_slater1, @nmasc_, @mathewlodge, @teroterotero, @austen, @wallstmemes, @zelkovavc, @modestproposal1, @wallstcynic, @shaanvp, @levie, @kateclarktweets, @loganbartlett, @cullenroche, @jeffinatorator, @tolstoybb, @antoniogm, @arpitrage, @nikitabier, @mikeisaac, @noahpinion, @caitlinlong_, @davidmwessel, @lookner, @willmanidis, @jessicalessin, @sarthakgh, @mikebutcher, @jessicalessin, @edenchen, @nomiprins, @danprimack, @ericbalchunas, @martinvars, @arrington, @mikesalguero, @peggymangot, @trevmckendrick, @coloradotravis, @tbakerbroadmoor, @xavierhelgesen, @alexrkonrad, @msuster, @startupljackson, @officialbbrooks, @danprimack, @skelecap, @ftalphaville, @asanwal, @conorsen, @smdiehl, @sbyrnes, @adamscochran, @fredbenenson, @benmillerise, @zerohedge, @carlquintanilla, @pitdesi, @smtuffy, @km, @jonahlupton, @jasoncwarner, @muradahmed, and @brextonpham
| Erin Woo / The Information: |
Some VC firms are encouraging their portfolio companies to pull funds out of Silicon Valley Bank while others are advising startups to keep no more than $250K — Silicon Valley Bank CEO Greg Becker on Thursday told top venture capitalists in Silicon Valley to “stay calm” …
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Bloomberg, Bloomberg, TechCrunch, Sifted, Bloomberg, Finextra, New York Times, Semafor, PYMNTS.com, WRAL TechWire, Stock Quest, Fast Company, Insider, Cointelegraph, Tech in Asia, Kiiski's Newsletter, and Fortune
Tweets:
@msuster, @bobeunlimited, @adamsternbach, @samirkaji, @kateclarktweets, @ericvishria, @villi, @eileentso, @brianlaungaoaeh, @gergelyorosz, @schuldensuehner, @bobeunlimited, @gergelyorosz, @gergelyorosz, @siroffinance, @seyitaylor, @tomgara, @amir, @gergelyorosz, @birdyword, @danprimack, @moorehn, @samirkaji, @lastbearstandng, @carnage4life, @zck, @msuster, @grantbrooke, @grantbrooke, @frances_coppola, @lizrhoffman, @nmasc_, @anothercohen, @benparr, @bryce, @cullend, @susanlitv, @therealdansaedi, @cryptomichnl, @benfranksaltego, @bdsams, @msuster, @edludlow, @antoniogm, @nmasc_, @zachcoelius, @nmasc_, @dampedspring, @dogetoshi, @brianroemmele, @dylanleclair_, @loganbartlett, @reedalbergotti, @bamabonds, @nickthestoic, @katies, @rewkang, @colingardiner, @subes01, @piratewires, @piratewires, @blader, @jessicalessin, @willmanidis, @moo9000, @smalter, @reddogt3, @ericabrescia, @benparr, @daveweisberger1, @msuster, @christenobrien, @nmasc_, @thestalwart, @gramblings, @carnage4life, @elonmusk, @shaig, @_peterryan, @nmasc_, @gergelyorosz, @msuster, @bostonjerry, @robaeprice, and @bearforce_won
| Lizette Chapman / Bloomberg: |
Email: VC firm Greenoaks warned founders of potential problems at SVB in November 2022; a source says over 12 portfolio companies withdrew ~$1B in recent months — Venture investment firm Greenoaks Capital Partners warned its startup founders of potential problems at SVB Financial Group's Silicon Valley Bank …
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Insider, The Economic Times, Moneycontrol, PitchBook, and South China Morning Post
| Casey Newton / Platformer: |
Meta is exploring a standalone decentralized social network for sharing text updates; the app, codenamed P92, will reportedly let users log in with Instagram — Is this the Twitter replacement we've been waiting for? … Twitter's decline is paving the way for other platforms to build next-generation replacements.
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Moneycontrol, TechCrunch, Silicon Republic, PCMag, Reuters, CoinDesk, Coinspeaker, gHacks Technology News, Neowin, Engadget, Cointelegraph, Reuters, Techlusive, and Mashable
Mastodon:
@rabble@mastodon.social, @DataDrivenMD@fedified.com, @hayden@procursus.social, @fraying@xoxo.zone, @stefan@stefanbohacek.online, @fergusryan@aus.social, @BickyBhullar@mastodon.social, @DataDrivenMD@fedified.com, @DataDrivenMD@fedified.com, @davepell@mastodon.social, and @mmasnick@mastodon.social
| Filipe Espósito / 9to5Mac: |
Kuo: Apple plans to unveil a redesigned HomePod with a built-in 7-inch display in H1 2024, enabling tighter integration with Apple's other hardware products — Apple this year introduced a new HomePod that looks exactly like the original model announced in 2017 and discontinued in 2021.| CoinDesk: |
New York's AG sues KuCoin, alleging the Seychelles-based crypto exchange offers tokens, such as ETH, that meet the definition of a security, without registering — A press release said the lawsuit was part of ongoing “efforts to crack down on unregistered cryptocurrency platforms.”
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NY State Attorney General, Blockworks, Finbold, Axios, Cointelegraph, Crypto Daily, CryptoSlate, The Block, CoinJournal, Watcher Guru, Zero Ex, and Coinspeaker
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@tier10k, @newyorkstateag, @ap_abacus, @tier10k, @neerajka, @collins_belton, @twobitidiot, @leomschwartz, @joeconsorti, @scott_lew_is, @mdudas, @iamdcinvestor, @adamscochran, @josh_blockchain, @dogetoshi, @erikvoorhees, @dylanleclair_, @0xsisyphus, @wizardofsoho, @basedkarbon, @brianroemmele, @neerajka, @johnedeaton1, @crediblecrypto, @satsdart, @givnerariel, @karl_0x, @travis_kling, @marcfawzi, @lex_node, @cryptojackiive, @adanthar, and @hoffmang
| Alex Hern / The Guardian: |
Meta's Head of WhatsApp, Will Cathcart, says the service would refuse to comply with the UK's Online Safety Bill requirements to remove end-to-end encryption — Meta's head of chat app says it would not comply with the requirements set out in online safety bill
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BBC, Signal Blog, Wired, The Verge, Silicon Republic, dropsafe, MediaNama, UKTN, SiliconANGLE, and Bloomberg
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@signalapp, @alecmuffett, @realhamed, @mullvadnet, @openrightsgroup, @_andyburrows, @arusbridger, @s8mb, @kkomaitis, @mikeisaac, @koush, @profwoodward, @szhang_ds, @aselawaid, and @kkomaitis
| Bloomberg: |
Researchers call for transparency on AI tools' carbon footprint; training GPT-3 took an estimated 1.287 GWh of electricity, or what ~120 US homes use in a year — Artificial intelligence has become the tech industry's shiny new toy, with expectations it'll revolutionize trillion-dollar industries from retail to medicine.| Karissa Bell / Engadget: |
Report: Meta pauses Reels Play bonuses in the US; launched in 2021, the program promised Facebook and Instagram creators up to $35K a month based on view counts — Meta seems to be phasing out one of the key initiatives that helped Reels creators on Facebook and Instagram get paid.| Washington Post: |
An investigation details how a group of conservative Colorado Catholics spent millions to buy mobile app tracking data to identify priests using gay dating apps — A group of philanthropists poured money into a Denver nonprofit that obtained dating and hookup app data and shared … | Lingling Wei / Wall Street Journal: |
A look at China's “golden shares”, initially meant to reduce Beijing's role in the economy and now used to quietly control the country's biggest tech companies — The state takes company stakes that are often small but give it a board seat and power to ensure that corporate behavior hews to the party agenda| Arjun Kharpal / CNBC: |
Bitcoin falls ~8% to ~$19,900, a near two-month low, and ether falls 8%+ to ~$1,400, after a selloff of US stocks, rising interest rates, and troubles at SVB — - Bitcoin fell below $20,000 on Friday hitting a near-two month low after a stock market sell-off in the U.S.
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Decrypt, CoinDesk, Wccftech, Bloomberg, Bloomberg, CoinDesk, and Cointelegraph
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@ap_abacus, @milkyway16eth, @lookonchain, and @wublockchain
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